Southeast Asia's Energy Grid Weakness Exposed by Iran War, Oil Prices High

The recent war in Iran highlighted Southeast Asia's critical energy market vulnerability, with the region heavily reliant on fossil fuel imports amidst steeply growing demand and persistently high global crude oil prices. Although the Strait of Hormuz is now reopening, restoring crude flows from the Persian Gulf, global oil markets face a prolonged recovery. Efforts are underway to electrify the continent and reduce fossil fuel dependence. Persistent high crude oil prices could fuel global inflation, potentially increasing safe-haven demand for gold and putting pressure on Pakistan's USD/PKR exchange rate.

بحوالہ / Source: oilprice.com